Retail
Manhattan Retail Condo Commands $25M
Rubie’s Costume Co. purchased the 26,401-square-foot space that is currently fully occupied by New York City’s largest costume store. The sale included an additional $12.5 million loan assumption.
Belk to Invest $40M in New Stores
The company also plans to remodel 12 existing stores across their 16-state footprint, investing close to $10 million. An additional $15 million in funding will be used for capital improvements.
Kroger-Anchored Shopping Center Trades in Dallas
A partnership of Foundry Commercial and Stockbridge acquired Northview Plaza in Dallas from MDT Properties. The new owners plan to upgrade the 116,000-square-foot community shopping center.
Radcliffe Jewelers to Move North Baltimore Store
Following a nearly completed $20 million renovation, The Shops at Kenilworth in Towson, Md., continues to attract new tenants. Radcliffe Jewelers is the latest retailer to join the shopping center owned and managed by Greenberg Gibbons.
LBG, Aviva Nab Mammoth CA Shopping Mall
The JV aims to implement an entirely new merchandising strategy for the asset as well as extensive rebranding and redevelopment. The property sits on nearly 77 acres of land and offers views of the San Francisco Bay.
On the Market: 5 Interesting Listings for July
This month’s listings include Cleveland’s Battery Park Powerhouse Building, constructed in 1910, and a newly renovated nine-unit apartment property in Portland, Ore.
HFF Brokers Denver Retail Center Sale
Originally built as a grocery-anchored center in 1984, the 163,412-square-foot retail center is home to a variety of tenants including Vasa Fitness, a UPS Store and Arc Thrift.
CBRE Brokers Sale of Miami Lakes Retail Center
Anchored by Office Depot, the property is 98 percent leased to a variety of tenants including TD Bank and Chick-Fil-A.
Opa-Locka Flea Market Trades in $80M Deal
The new owner signed a long-term lease with RER Outdoor Marketplace, which will operate the property and implement a series of upgrades at the flea market.
Stream Realty Partners Sells Retail Center in Pearland, TX
The commercial real estate firm sold The Center at Pearland Parkway I. The property is fully leased to national tenants including Ross Dress for Less and T.J. Maxx.